Many companies have messy financial data without their founders even knowing about it. Founders often discover financial issues too late when investors dig in during fundraising, board meetings, or exits.
Having accurate and insightful monthly data also helps with short-term decisions. A fractional CFO will perform a financial check for your business. This means having a tailored chart of accounts, allocating expenses correctly, having correct VAT codes, analysing revenue to ensure it is recognised correctly, etc.
A fractional CFO will tailor your chart of accounts to your industry (SaaS/Tech) and make sure your financial data is detailed enough so you can build the right KPI reporting.
A lot of software companies have a wrong monthly recurring revenue schedule because the revenue is not recognised correctly. This will affect your company's valuation and get you in the troubles with investors. A fractional CFO will review your subscriptions, deferred income and make sure the revenue is recognised and allocated corectly.
There are always things to improve. This process will also save you money because startups always pay for some subscriptions they don't use, tools that provide the same values, etc. A fractional CFO will scrutinise your spending if needed.
If you need help with restructuring your financials or you think that your financial data is not accurate book a discovery call and let's discuss.
